Start investing vs clearing debt first

[Joe Capobianco]

I have been listening to a lot of Dave Ramsey podcasts and he insist on getting out of debt before doing most things. I have about $18k in car payment left and $30k on the bank saved. I can easily pay off my car but then having $12k left is what is turning me away from paying it off at once. I want to buy my first home and I know I can go for an fha loan with a 203k loan so I won't need the whole $30k but I like the cushion I have in my savings account in case there are se bumps in the road. Wanted to hear others opinions on my situation before I make any decisions. Thank you in advance

[Dustan Marshall]

good topic. I have two units now. And found Dave Ramsey. I ance been really conflicted between continuing the BRRRR method for more units or debt snow ball to pay off current loans then save for next purchase. This question had me a bit paralyzed at the moment. Not knowing which way I want to go. But the market is rising (almost to fast). So I have taken this time to try and figure out my next move and to see what the market is doing. Certainly safer to go with Ramsey strategy. But the allure of more units is always a strong pull